HARTMANN PACKAGING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About HARTMANN PACKAGING A/S
HARTMANN PACKAGING A/S (CVR number: 63049611K) is a company from GENTOFTE. The company reported a net sales of 3307.6 mDKK in 2023, demonstrating a decline of -1.3 % compared to the previous year. The operating profit percentage was at 10 % (EBIT: 331 mDKK), while net earnings were 114.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 13.5 %, which can be considered good and Return on Equity (ROE) was 9.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 45.3 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. HARTMANN PACKAGING A/S's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 2 356.40 | 2 567.40 | 2 666.10 | 3 350.10 | 3 307.60 |
Gross profit | 703.20 | 910.00 | 704.80 | 815.00 | 1 035.00 |
EBIT | 250.20 | 424.10 | 114.90 | 203.90 | 331.00 |
Net earnings | 167.20 | 273.90 | 74.40 | -29.80 | 114.30 |
Shareholders equity total | 879.20 | 1 025.30 | 1 196.50 | 1 221.80 | 1 224.60 |
Balance sheet total (assets) | 2 042.10 | 2 374.20 | 2 804.20 | 2 857.00 | 2 721.60 |
Net debt | 595.40 | -34.80 | 80.80 | 939.00 | 621.70 |
Profitability | |||||
EBIT-% | 10.6 % | 16.5 % | 4.3 % | 6.1 % | 10.0 % |
ROA | 13.5 % | 19.8 % | 5.9 % | 8.2 % | 13.5 % |
ROE | 20.3 % | 28.8 % | 6.7 % | -2.5 % | 9.3 % |
ROI | 17.0 % | 25.9 % | 7.7 % | 10.4 % | 17.3 % |
Economic value added (EVA) | 121.15 | 243.17 | 18.84 | 75.38 | 128.50 |
Solvency | |||||
Equity ratio | 43.8 % | 43.7 % | 42.9 % | 41.9 % | 45.3 % |
Gearing | 72.9 % | 3.9 % | 9.0 % | 86.0 % | 64.3 % |
Relative net indebtedness % | 47.4 % | 49.6 % | 59.3 % | 47.7 % | 40.3 % |
Liquidity | |||||
Quick ratio | 1.4 | 1.2 | 1.0 | 1.3 | 1.3 |
Current ratio | 1.8 | 1.6 | 1.4 | 1.7 | 1.9 |
Cash and cash equivalents | 45.60 | 75.10 | 26.90 | 111.80 | 166.20 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 57.2 | 49.4 | 54.2 | 50.1 | 50.4 |
Net working capital % | 14.9 % | 14.0 % | 10.6 % | 15.3 % | 15.9 % |
Credit risk | |||||
Credit rating | AAA | AAA | AAA | A | AAA |
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